Common use of Advisor Fees Clause in Contracts

Advisor Fees. The Custodian shall, upon direction from the Depositor (the Authorized Agent, or following the death of the Depositor, the Beneficiary) disburse from the Custodial Account payment to the Depositor’s (the Authorized Agent’s, or following the death of the Depositor, the Beneficiary’s) registered investment advisor any fees for financial advisory services rendered with regard to the assets held in the Account. The Depositor (or following the death of the Depositor, the Beneficiary) hereby appoints the Broker as his or her agent to direct the Custodian to disburse from the Custodial Account payment (including payment to the Broker) of any such fees. Any such direction must be provided in a form and manner acceptable to the Custodian and the Custodian shall not incur any liability for executing such direction. The determination of whether any fees paid to the Broker are reasonable and appropriate shall be the sole responsibility of the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian shall not incur any liability for the payment of fees to the Broker from assets of the Account. The Custodian shall be entitled to rely conclusively upon, and shall be fully protected in any action or inaction taken in full faith reliance upon any such fee disbursement direction.

Advisor Fees. The Custodian shall, upon direction from the Depositor (or the Depositor’s Authorized Agent, or following or, after the death of the Depositor, the Beneficiary, executor, or administrator) disburse from the Custodial Account payment to the Depositor’s (the Authorized Agent’s, or following the death of the Depositor, the Beneficiary’s) registered investment advisor any fees for financial advisory services rendered with regard to the assets held in the Account. The Depositor (or following the death of the Depositor, the Beneficiary) hereby appoints the Broker Advisor as his or her agent to direct the Custodian to disburse from the Custodial Account payment (including payment to the BrokerAdvisor) of any such fees. Any such direction must be provided in a form and manner acceptable to the Custodian and the Custodian shall not incur any liability for executing such directionCustodian. The determination of whether any fees paid to the Broker an Advisor are reasonable and appropriate shall be the sole responsibility of the Depositor (or following the death of the Depositor, the Beneficiary) ), and the Custodian shall not incur any liability for the payment of any fees to the Broker Advisor from assets of in the Account. The Custodian shall be entitled to rely conclusively upon, and shall be fully protected in any action or inaction non- action taken in full faith reliance upon any such fee disbursement direction.